香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：1209) 董事會預期，在未動用所得款項淨額獲動用前，以此方式臨時配置的資金將不超 過人民幣5,561.5百萬元。 本公司將持續評估本公告所述臨時配置未動用所得款項淨額之情況，倘購買可轉 讓大額存單及╱或存入結構性存款或定期存款須根據香港聯合交易所有限公司證 券上市規則（「上市規則」）第十四章予以披露及╱或取得股東批准，則將根據相關 規定刊發進一步公告。 承董事會命 華潤萬象生活有限公司 主席 李欣 擴大閒置全球發售所得款項淨額之配置方式 茲提述(i)華潤萬象生活有限公司（「本公司」）（連同其附屬公司，統稱「本集團」） 所刊發日期為二零二零年十一月二十五日之招股章程（「招股章程」），內容有關 （其中包括）本公司全球發售（定義見招股章程）所得款項之擬定用途；(ii)本公司 日期為二零二零年十二月二十三日有關悉數行使超額配股權（定義見招股章程）之 公告；(iii) ...

Core Viewpoint - The scale of financial product subscriptions by listed companies has significantly decreased in 2026 compared to 2025, influenced by various macroeconomic and regulatory factors [1][5]. Group 1: Subscription Scale and Comparison - As of March 25, 2026, over 460 listed companies subscribed to financial products, with a total subscription amount close to 1391.70 billion RMB, a decrease of over 1400 billion RMB compared to the same period in 2025 [1][3]. - In 2025, 810 listed companies participated in subscriptions, with a total amount reaching 2819.19 billion RMB, indicating a near halving in the number of companies and a significant reduction in the overall scale of subscriptions [3][5]. Group 2: Reasons for Decrease in Subscription - The reduction in large financial product subscriptions is attributed to changes in market conditions, company operational needs, and stricter regulatory policies [5]. - Companies are increasingly prioritizing cash retention over long-term financial investments due to declining yields on financial products and a focus on reducing financial costs by repaying debts [5]. - The implementation of new asset management regulations has led to the withdrawal of guaranteed financial products, further constraining the scale of subscriptions [5][8]. Group 3: Changes in Financial Product Structure - Despite the overall decline in subscription amounts, the structure of financial products is becoming more diversified, with a shift towards asset management products and bank financial products [7][8]. - The amount subscribed to asset management products increased from 9.11 billion RMB in 2025 to 13.97 billion RMB in 2026, indicating a trend towards more varied investment strategies [7]. - Companies are moving away from solely relying on structured deposits to a more diversified approach that includes bank and securities company financial products, reflecting a fundamental shift in cash management strategies [8]. Group 4: Some Companies Increasing Financial Investment - Certain companies, such as Ningde Times and Shanghai Jahwa, have announced increases in their financial investment limits for 2026, indicating a strategic move to optimize fund usage and enhance returns [10]. - Ningde Times plans to use up to 1800 billion RMB for financial investments, significantly higher than the previous year's limit of 800 billion RMB [10]. - Shanghai Jahwa intends to increase its financial investment from 30 billion RMB in 2025 to 40 billion RMB in 2026, focusing on high-security, liquid low-risk financial products [10].

Core Viewpoint - The company has engaged in structured deposits with banks, resulting in significant returns over the past year [1] Group 1: Structured Deposits - In June 2025, the company subscribed to structured deposits worth 1 billion yuan with the Shenzhen Qianhai branch of Bank of Communications [1] - In January 2026, the company made two additional subscriptions of 500 million yuan each with the Shenzhen Technology branch of Jiangsu Bank [1] - Recently, the company redeemed all structured deposits, retrieving a total principal of 2 billion yuan and earning a profit of 19.25 million yuan [1] Group 2: Financial Performance - Over the last 12 months, the company invested a total of 4.8 billion yuan in structured deposits and recovered 4.2 billion yuan, yielding a total profit of 41.53 million yuan [1] - The company has 600 million yuan in principal that has not yet been recovered from structured deposits [1] - The company has fully recovered 5.04 billion yuan from seven-day notice deposits, generating a profit of 6.44 million yuan [1]

Group 1 - The company will hold its second extraordinary general meeting of shareholders on March 16, 2026 [1][31] - The meeting will utilize a combination of on-site and online voting methods [1][31] - The online voting system will be the Shanghai Stock Exchange's shareholder meeting online voting system, available from 9:15 AM to 3:00 PM on the day of the meeting [2] Group 2 - The company plans to use up to 600 million RMB of its own funds to invest in low-risk financial products, including bank wealth management products and structured deposits [16][17] - This investment proposal has been approved by the company's board and will be submitted for shareholder approval at the upcoming meeting [18][29] - The investment aims to enhance fund utilization efficiency and maximize shareholder returns [21]

Group 1 - The core point of the article is that Hualan Vaccine has announced the approval of its board to utilize up to 1 billion yuan of idle raised funds for cash management, ensuring it does not affect ongoing projects and normal operations [2] - The funds will be used for structured deposits and large certificates of deposit, which are capital-preserving products [2] - The investment period for these funds is set to be within 12 months from the date of board approval, allowing for rolling usage [2]

Core Viewpoint - The company has approved the use of idle raised funds for cash management, ensuring it does not affect the progress of investment projects or normal operations [1] Group 1: Cash Management Approval - The company will continue to use up to RMB 1 billion of idle raised funds for cash management [1] - The investment products will include high safety, good liquidity, and principal-protected options such as structured deposits and large certificates of deposit, with a maturity not exceeding 12 months [1] - The cash management will be effective for 12 months from the date of board approval, and the funds can be rolled over within the approved limit [1]

Core Viewpoint - The company plans to utilize idle funds for cash management, subject to shareholder approval, to enhance liquidity and investment returns [1] Group 1: Company Actions - The company will hold its sixth board meeting on February 27, 2026, to review proposals for cash management using idle funds [1] - The company intends to use up to 2.8 billion yuan of idle self-owned funds and up to 1.2 billion yuan of idle raised funds for cash management [1] - The investment direction for idle self-owned funds includes high-safety, high-liquidity financial products such as bank deposits, bank wealth management products, fixed-income products, treasury reverse repos, money market funds, income certificates, and bonds [1] Group 2: Fund Management Strategy - Idle raised funds will be used to purchase safe and liquid principal-protected products such as broker income certificates, structured deposits, large-denomination certificates of deposit, and treasury reverse repos [1] - The usage period for these funds will be effective for 12 months from the date of approval at the second extraordinary general meeting of shareholders in 2026 [1] - The funds can be rolled over within the approved limits and will not affect the progress of investment projects or the company's normal production and operations [1]

Group 1 - The company plans to utilize part of its idle raised funds for cash management to enhance fund efficiency and increase returns for the company and its shareholders, with a maximum amount of 1.3 billion RMB and a usage period not exceeding 12 months [2][6][9] - The cash management products will be invested in safe and liquid principal-protected financial products, including but not limited to structured deposits, time deposits, and large certificates of deposit [10][12] - The company has completed the issuance of convertible bonds, raising a total of approximately 2.79 billion RMB after deducting issuance costs, and has established a special account for the management of these funds [5][12] Group 2 - The company has successfully redeemed a structured deposit product, recovering 100 million RMB in principal and earning 149.08 thousand RMB in interest [8][12] - The establishment of a wholly-owned subsidiary in Germany, WBTL Germany GmbH, has been completed with an investment of 1 million USD (approximately 692.28 thousand RMB), aimed at engaging in sales and R&D of automotive safety system components [16][20][24] - This investment aligns with the company's strategic development goals and is expected to enhance its international business expansion and overall competitiveness [27]

Core Viewpoint - The company plans to utilize part of its idle raised funds, including over-raised funds, for cash management, with a maximum amount of 1 billion yuan allocated for low-risk, high-safety financial products [1] Group 1: Board Meetings - The company held the 18th temporary meeting of the sixth board of directors and the 11th meeting of the audit committee on February 26, 2026 [1] Group 2: Fund Utilization - The company intends to invest up to 1 billion yuan of idle raised funds in low-risk financial products such as large transferable certificates of deposit, structured deposits, time deposits, and reverse repos [1] - The investment period is valid for 12 months from the date of approval by the shareholders' meeting [1] - The funds can be used in a rolling manner within the approved limit and will not affect the progress of the investment projects funded by the raised funds or the company's normal production and operations [1]

Core Viewpoint - The company has approved the use of idle raised funds and self-owned funds for cash management, indicating a strategic approach to optimize financial resources [1] Group 1: Fund Management - The company will utilize up to 100 million yuan of idle raised funds and up to 400 million yuan of idle self-owned funds for cash management [1] - Investment products include structured deposits, time deposits, agreement deposits, notice deposits, and large-denomination certificates of deposit, all of which are characterized by high safety and liquidity, with a maturity not exceeding 12 months [1] - The usage period for these funds is valid for 12 months from the date of board approval, and the funds can be rolled over within the specified limits [1] Group 2: Impact on Operations - The cash management strategy will not affect the progress of investment projects funded by raised funds or the normal production and operation of the company [1]